In this market, some traders love to play the contract game, but it seems they are unaware of the long-term impacts of doing so. Recently, when the coin price was hovering around 1.4, many investors rushed to open long contracts, which not only did not stabilize the coin price but actually caused it to drop even more.
If we don't follow the excitement of contracts and focus on the spot market, we can realize that traders actually have other plans. When the coin price drops, they take the opportunity to buy more, fully aware that this is a good time to replenish their inventory. If we wait for the coin price to rise again to enter the market, that would be jumping into a fire pit, with great risks involved.
We need to be clever and not blindly follow others to open long contracts, which won't cause trouble for the seasoned players in the spot market and will also prevent us from suffering huge losses. In the spot market, when the coin price drops, that's a good opportunity for us to increase our positions, and we must remain patient and take it step by step. This way, regardless of how the market fluctuates, we can remain calm and wait for our returns to come to us.
To put it simply, the truly wise individuals see through the essence of the market and are not deceived by superficial decorations. Stable investment in the spot market is the true path, and it is the broad road for us to achieve financial freedom.